Mortgage Refinance in Richmond, VA
Lower your payment, tap equity, or drop mortgage insurance.
Work directly with Jodie Barber, a mortgage broker with 30 years of experience serving Richmond and all of Richmond City County.
Richmond at a glance
State capital and Central Virginia's anchor market (~$414K). More conventional/FHA/first-time than pure military, but Fort Gregg-Adams and DSCR/VA veterans still matter. FHA 1-unit limit $707,250 (Richmond MSA). Lead with first-time-buyer + Virginia Housing DPA/MCC and conventional.
Serving Richmond neighborhoods including The Fan, Church Hill, Scott's Addition, Museum District, Northside, Manchester.
Why a refinance in Richmond?
Homeowners looking to reduce their rate/payment, consolidate debt, fund a project, or remove PMI.
- ✦Rate-and-term refinance to lower your payment
- ✦Cash-out refinance to use your equity
- ✦VA IRRRL streamline for existing VA loans
- ✦A clear break-even analysis before you commit
Virginia Housing Down Payment Assistance (DPA) Grant — 2% of purchase price (with a Virginia Housing Conventional first mortgage) or 2.5% (with a Virginia Housing FHA first mortgage). Qualified first-time homebuyer (no ownership in past 3 years) OR repeat buyer purchasing in an Area of Economic Opportunity; must use an eligible Virginia Housing bond first mortgage (Conventional or FHA); household income within Virginia Housing DPA income limits; within sales-price/loan limits; minimum 600 credit score; borrower brings at least 1% of purchase price from own funds/eligible gift. Cannot be combined with the Plus Second Mortgage or Closing Cost Assistance Grant.
Mortgage Refinance FAQ
- Should I refinance in 2026?
- It depends on your rate, how long you'll keep the home, and the closing costs. I'll run a real break-even so the numbers — not the hype — make the decision.
“Homeownership is a partnership.” Let's talk about your refinance in Richmond. No pressure — just straight answers from someone who's done this for 30 years.